The Co-operative Bank current accounts for November 2026

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With the Co-op’s current accounts, you can get a range of benefits and features while also supporting their ethical approach to banking. It also runs switching incentives from time to time. Here’s an overview of the current accounts offered.

Compare The Co-operative Bank’s current accounts

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Finder Score	Account fees	Funding requirement	Interest (AER)	Arranged overdraft	Incentive	Representative example
Not yet rated The Co-operative Bank Cashminder	Not yet rated	£0	No minimum funding requirement	0% AER	N/A	More info Compare product selection Compare	loading
Not yet rated The Co-operative Bank Current Account (16/17 yrs)	Not yet rated	£0	No minimum funding requirement	0% AER		More info Compare product selection Compare	loading
7.2Great The Co-operative Bank Current Account	7.2Great	£0	No minimum funding requirement	0% AER	35.9% EAR variable	Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 35.9% EAR variable.	More info Compare product selection Compare	loading
7Great The Co-operative Bank Everyday Extra	7Great	£12 per month	No minimum funding requirement	0% AER	35.9% EAR variable	Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 35.9% EAR variable. Account fee of £12 per month.	More info Compare product selection Compare	loading

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How we picked these

Finder Score for bank accounts

To make comparing even easier we came up with the Finder Score. Fees, features and customer service across 20+ of the most popular banks are all weighted and scaled to produce a score out of 10. The higher the score the better the account – simple.

Read the full methodology

Types of current account from The Co-operative Bank

• Current account

  Attractive features of The Co-operative’s main current account include no fees when you use your card abroad, the chance to win back your bills, a mobile app and no monthly fee.

• Everyday Extra account

  This packaged account comes with worldwide travel insurance, UK and European breakdown cover and mobile phone insurance. There are no fees for using your card abroad with this account either, but there is a monthly account fee.

• Cashminder

  This account offers a simplified way of managing funds for those who may not qualify for other accounts. There’s no overdraft facility, cheque book or monthly account fee, ensuring a greater degree of control over your spending. Unless you’re in financial difficulty, you can’t open this account if you already have an account with Co-operative Bank or smile.

Does The Co-operative Bank offer any promotions, discounts or refer-a-friend offers?

Yes, you can sometimes get a switching bonus with The Co-operative Bank. You can also compare other switching deals from other banks in our guide.

Does The Co-operative Bank offer joint accounts?

Yes, you can open a joint account with The Co-op Bank. It is also one of the few banks in the UK that lets you open a joint account with more than 2 people, with 3 people allowed to open an account together. You can apply online or in branch.

Does The Co-operative Bank offer premium accounts?

Yes, The Co-op Bank offers a packaged account, which is its Everyday Extra account. It costs £12 a month and comes with mobile phone insurance, worldwide travel insurance breakdown cover.

What do customers say about The Co-operative Bank?

77% of customers we surveyed in 2026 would recommend The Co-operative Bank to a friend.

It stands out primarily for its strong ethical values and environmental credentials, which are a major draw for socially conscious consumers. Users who still have access to a branch praise the friendly and helpful staff.

However, technologically, the bank is frequently described as being behind the times, with users noting slow bank transfers, overly sensitive fraud blocks on cards, and a general lack of innovative features. It is a solid choice for ethical banking, but falls short on modern digital convenience.

AI-generated summary from the text of customer reviews on Finder.

Pros and cons of banking with The Co-operative Bank

• Perks. Perks include quick and simple switching with The Co-operative’s current account switch guarantee, no monthly fees, no fees for using your card abroad, and an ethical approach to banking.
• Multiple ways to bank. The Co-operative Bank offers a range of ways to handle your funds, including a mobile app and a network of branches.
• Global acceptance. If you bank with The Co-operative Bank, you’ll get a Visa Debit card, so you don’t have to worry about card acceptance no matter where you are in the world.
• Round the clock assistance. If you lose your card, or if it’s stolen, you can call The Co-operative Bank 24/7 to get assistance. You can also use the mobile banking app to manage your money round the clock.
• Small branch network. Unlike larger high street banks, The Co-operative Bank doesn’t have that many physical branches across the country.
• Packaged account fees. You will need to pay £12 a month if you want to access the perks on offer with the Everyday Extra account.

Customer service information for The Co-operative Bank

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Opening an account with The Co-operative Bank

You can apply to open an account either in store or online. Information you’ll need includes how much you earn (including pensions or benefits), any previous addresses from the last 3 years, the name and address of your employer and your current bank details. Your credit will be checked using a credit reference agency. You should hear a decision about your application within 5 working days. If you don’t hear from them, you can contact The Co-operative Bank by phone on +44(0)3457 212 212.

No one jumps for joy at the prospect of diving into T&Cs, but it's your shot to unveil any legal mysteries before tapping "I agree". Co-op's current account terms and conditions are more complex than the average we encountered while assessing 16 of the most popular UK account providers. They should take about 49 minutes to read.

Our verdict: Is The Co-operative Bank a good bank?

The Co-Operative Bank offers a good range of current accounts, whether you’re looking for something straightforward or want to pay for extra perks. All accounts come with fee-free spending abroad. However, it’s worth comparing what else is out there before making any decisions.

Frequently asked questions

• How do I close my account with The Co-operative Bank?

  If you want to close your account with The Co-op Bank, simply fill in their account closure form, which can be found on their website, and return to the provided address. If you want to see a copy of your payment transaction history, you can request one at any time within five years of your account’s closure.

• Will I be charged any fees?

  While the current and Cashminder accounts don’t charge monthly fees, there is a £12 fee for maintaining the everyday extra account. You may also incur charges for electronic payments and copies of your statements

• Are there any overdraft charges?

  Yes. Overdraft charges for one charging period are capped at £60, which includes debit interest.

• Is The Co-operative Bank covered by the Financial Services Compensation Scheme?

  Yes, your eligible deposits up to a total of £120,000 are protected by the FSCS. Any deposits exceeding this number are unlikely to be covered. Keep in mind that this limit will also apply to accounts you hold with Coventry Building Society if the transfer goes ahead in early 2027.

Our “Best for” picks highlight top options in specific categories based on our independent evaluation (see our full methodology), while “Promoted” tags indicate sponsored placements. Selected products may not suit everyone. We track selected market offers, which may not cover every product. Products are listed in no particular order unless specified, and inclusion or ordering may be influenced by popularity or commercial agreements. Most comparison table data is provided by Defaqto or sourced directly from providers. Always evaluate your own circumstances and consider independent advice before making major financial decisions.

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Written by

Nick Renaud-Komiya

Writer

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Nick Renaud-Komiya has been a writer and reporter for nine years, covering a range of consumer issues from energy suppliers to banking and mortgage issues. He enjoys helping people take control of their personal finances and better understand their consumer rights. Nick’s consumer writing and money journalism has been featured in a range of outlets including MoneySavingExpert.com, The Sunday Mirror, The Independent and Money.co.uk. Outside of work Nick enjoys cooking and collecting old David Bowie merch. See full bio

Co-written by

Jason Loewenthal

Senior writer

Jason is a writer and editor. He worked as a senior subeditor for Finder for 5 years and in that time became familiar with a wide range of financial products and services. Before that, he worked for Australian Associated Press. He has a BA from Macquarie University in Australia. Jason loves to help other people find new ways to save money. See full bio